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GoldViewFX - THE ART OF RANGE MANAGEMENT Hey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!! In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something. Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down. You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture. Hope this post helps our followers to understand how we keep our psychology strong!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
18
GoldViewFX - BULL & BEAR FLAG PATTERNSREPOST ON CHART PATTERNS. Hey Everyone, As promised, this year we will also share basic educational posts for our newbies to learn and level up. BULL & BEAR FLAG PATTERNS BULL FLAG This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the pole. BEAR FLAG This pattern occurs in a downtrend to confirm further movement down. The continuation of the movement down can be measured by the size of the pole. Please don't forget to like, comment and follow to support us, GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
15
GoldViewFX - HEAD AND SHOULDERS PATTERNREPOST ON CHART PATTERNS. Hey Everyone, In 2023 we plan to also make more time to post basic educational posts for our newbies learn and level up. HEAD AND SHOULDERS PATTERN The head and shoulders pattern is a formation of 3 peaks with the head being the highest peak (Lowest on inverse). The entry should be below the neckline (Above on inverse). The measure of take profit can be taken by measuring the peak of the head from neckline and using this range, as an indicator of the take profit level. Please do give us a like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
6
BASIC MONEY MANAGEMENT - LOT SIZE VS REVERSAL AND ACCOUNT SIZEHey Everyone, We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of reversals and how the lot sizes impact the value of your account during this reversal. Trading with the right lot sizes allows a trader to manage their account/money when the trade goes against them. The right size allows a trader to move a range without blowing their account and without seeing their account reverse to the point of no equity. This type of trading gives traders anxiety and in return this anxiety impacts trading psychology . This then has a ripple effect and impacts your trading decisions and analysis. The example we show on the chart is an entry of SELL that reverses by 380 PIPs. This movement happened in literally 2 candles (1hour candles) , so in two hours the price from entry reversed by 380 pips. This example then shows what this equates to in monetary value dependent on lot sizes. The example shows that anyone with a £500 account trading this movement with a lot size of 0.20 would have blown their account. Lot size usage should be based on the size of your account for example; £500 size account - we will only use 0.01 size lot sizes with maximum deployed total no more than 0.02. This will allow an account to survive volatile movements. £1000 size account - we will use 0.02 lot sizes with maximum deployed total no more then 0.05 any given time. £2000 size account - we will use 0.03 lot sizes with maximum deployed total no more then 0.10 any given time. £5000 size account - we will use 0.5 sizes with maximum deployed total no more then 0.20 any given time. Basically staying below 0.05 for every £1000, as the total deployed usage allows us enough flexibility of movement on the chart for Gold and then using stop losses on top of this, gives us further control of our money management. Many traders who cannot control their greed and do not bother understanding risk/money management will bung on a 0.50 lot size on a 2K GBP account, as an example, and then when it reverses, even if it's within the swing range, you know what will happen next. ACCOUNT BLOWN! MIND BLOWN! You will have mastered the art of risk/money management when your entry reverses and you a) expected that reversal within the range before it resumes to hit the TP and b) you look at that red figure during reversal without it worrying you in the least. We hope this quick basic insight helps some of our newbies better understand how to manage their risk with range. Please like, comment and follow to support our work, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
27
BUYING DIPS/SELLING TOPS - KEEPING A CLEAN PSYCHOLOGICAL PROFILEHey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!! In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something. Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down. You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture. Hope this post helps our followers to understand how we keep our psychology strong!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
26
Relative Strength IndexThe Relative Strength Index is one of the most widely used tools in traders handset. The RSI is an oscillating indicator which shows when an asset might be overbought or oversold by comparing the magnitude of the assets recent gains to its recent losses. A common misconception is that the RSI draws a comparison between one security and another, but what it actually does is to measure the assets strength relative to its own price history, not that of the market. The Relative Strength Index is useful for generating signals to time entry and exit points by determining when a trend might be coming to an end or a new trend may be forming. It weighs the prices upward versus downward momentum over a certain period of time, most often 14 periods, thus showing if the asset has moved unsustainably high or low. The RSI is visualized with a single line and is bound in a range between 1 and 100, with the level of 50 being considered as a key point distinguishing an uptrend from a downtrend. You can see how the RSI is plotted on a chart on the following screenshot. J. Welles Wilder, the inventor of the Relative Strength Index, has determined also two other fundamental points of interest. He considered that an RSI above 70 indicates that the asset is overbought, while an RSI below 30 suggests an oversold situation. These levels however are not strictly set and can be manually switched, according to each traders unique trading system. Trading platforms allow you to choose any other value as overbought/oversold boundary apart from the conventional levels. How is RSI calculated? The formula is as follows: RSI = 100 – Where the RS (Relative Strength) is the division between the upward movement and the downward movement, which means that: RS = UPS / DOWNS UPS = (Sum of gains over N periods) / N DOWNS = (Sum of losses over N periods) / N As for the period used for tracking back data, Wilders original calculations included a 14-day period, which continues to be used most often even today. It however can also be a subject to change, according to each traders unique preferences. After the estimation of the first period (in our case the default 14 days), further calculations must be made in order to determine the RSI after a new closing price has occurred. This includes one of two possible averaging methods – Wilders initial and still most commonly used exponential averaging method, or a simple averaging method. We will stick to the most popular approach and use exponential smoothing. The UPS and DOWNS for a 14-day period will then look like this: UPSday n = / 14 DOWNSday n = / 14 What does the RSI tell us? here are several signals that the Relative Strength Indexs movement generates. As we said earlier, this indicator is used to determine what kind of trend we have and when it might come to an end. If the RSI moves above 50, it indicates that more market players are buying the asset than selling, thus pushing the price up. When movement crosses below 50, it suggests the opposite – more traders are selling rather than buying and the price decreases. You can see an example of an uptrend below where the RSI remains above 50 for almost the duration of the move. However, do keep in mind to use the RSI as a trend-confirmation tool, rather than just determining the trend direction all by itself. If your analysis is showing that a new trend is forming, you should check the RSI to receive additional confidence in the current market movement – if RSI is rising above 50, then you have a confirmation at hand. Logically, a downtrend has the opposite properties. Overbought and oversold levels Although trend confirmation is an important feature, the most closely watched moment is when the RSI reaches the overbought and oversold levels. They show whether a price movement has been overdone or it is sustainable, thus, indicating if a price reversal is likely or if the market should at least turn sideways and see some correction. The overbought condition suggests a high probability that there are insufficient buyers on the market to push the asset further up, thus leading to a stall in price movement. The reverse, oversold, level indicates that there are not enough sellers left on the market to further push prices lower. This means that when the RSI hits the overbought area (in our case 70 and above), it is very likely that price movement will decelerate and, maybe, reverse downward. Such a situation is pictured on the screenshot below. You can see two rebounds from the overbought level with the first move being extraordinary strong and bound to end with a price reversal, or a correction at least. . Having noted that prices tend to rebound from overbought/oversold levels, we can therefore reach the conclusion that they tend to act as support/resistance zones. This means that we can use those levels to generate entry and exit points for our trading session. As soon as the price hits one of the two extremes, we can use the Relative Strength Index to confirm a probable price reversal and enter an opposite position, hoping that prices will reverse in our favor. We can then set the opposite extreme level as a profit target.
Editors' picks
Education
by FOREXN1
27
impact of two important following news on DXYTwo important factors that been driving Dollar prices in last several month as we all know is Federal Funds Rate and Inflation data like CPI. In this week we have both of them coming out on Tuesday and Wednesday, now we want to see how it can affect the market. Price usually tend to be at important resistive or supportive areas at the time of important news hit the market and as we can see now price is at supporting area and at the Daily low which probably will remain here until the news hit the market so we can expect of low volatility movement on USD and other major crosses, But what will happen when the news releases? As we know CPI balance is curving to downside and shows that inflation is cooling down and as we see the prediction of tomorrow CPI news we can see that the market expect this trend to continue. Now here is the tricky part, if CPI data put out like prediction or lower than the prediction this means that fed has the inflation under control which makes trader to believe that federal reserve would not need to raise prices very aggressively like before and as a result we may see a risk on environment in the market which can lead Dollar prices to come lower, but on the other hand SPX, TLT, EUR,JPY and also commodity currencies like AUD,NZD to take benefit from the situation. But if CPI data comes out higher than expectation then we can argue that federal reserve do not have inflation under control so it needs to continue hiking prices like before and this situation may lead to higher prices for Dollar and lower prices for all the other assets that we covered above. Also if the second scenario take place tomorrow we can expect USYIELD to continue going higher which have negative effect on US treasury bond and very bad effect on SPX index. Put CPI analysis apart the other important news that can shake prices real hard is federal reserve which going to hit the market on Wednesday. On that time we can see that what exactly is in the mind of federal reserve and how they are going to impact the economy. In overall, if they raise rate same or below the expectation its going to be very good for risky assets since it shows that we are getting close to end of rate hiking cycle but if federal reserve going for raising rate higher than expectation then it will have a very good impact on Dollar but bad impact on risky assets.
TVC:DXYEducation
by mohemati
2 Simple modules to pass FTMO ChallengeThese are the two types of entry modules that can be used across any market to take low risk high rewards trade. Pay close attention to annotations made. First High / Low acts as a trap for early sellers or buyers as this point is used to create liquidity for the market makers. Market makers sweeps this liquidity and mitigates extreme POI like orderblocks etc. and thus finally the banks load their short orders/long orders to break the structure. TRUE STRUCTURE MAPPING AVAILABLE ON OUR YT CHANNEL. DO WATCH THAT VIDEO TO KNOW HOW REALLY MARKET STRUCTURE IS REALLY MAPPED AND DON'T FORGET TO LIKE AND SUBSCRIBE TO OUR CHANNEL Happy Trading -Team Lamda
Education
by lamdatrading
1
Why are fundamentals ESSENTIAL in forex trading?What is the thing that manipulates the market to make sure your stop loss is touched in less than a minute? Simple, Fundamentals. Forex trading constitutes the most accessible form of trading for individuals. Low barrier entries, low commissions, forex possess everything that a young trader wants. However, content that most young traders learn from on YouTube puts emphasis on technical analysis and neglects fundamental trading. Big institutions like central banks or hedge funds, who are the ones moving the price, always make entries depending on the economics of a state. For example, EURUSD has recently reached the historical level of under 1.00000, a level that hasn’t been reached for over 20 years, after the European Union stopped dealing gas and oil with Russia. (see the image in the chart) Furthermore, oil prices are closely related to Canadian currency, where increasing the price will increase the value of the currency. As the price of oil is increasing, AUDCAD is reaching historical levels of under 0.86000. Therefore, we can clearly see that fundamentals influence the market’s direction. We can apply fundamentals to reduce our risk as well. Indeed, we can identify risky opportunities and filter out bad trades or reduce the position size. However, over the short term technical analysis can be a practical tool to determine price reversals or the timing of an entry. History tends to repeat itself, it is the same about markets. As a matter of fact, we can use historical market price data to forecast market movements. In a perfect world, each trade would be the result of a mix of the two, with fundamental analysis assisting technical analysis. In conclusion, digital content to learn trading leans toward technical analysis even though fundamentals contribute to an important part of profitable trades by forecasting future market prices.
Education
by vf_investment
3
USD/CHF -8/9/2022-• Triangle pattern explained + measurement method • On the weekly chart, while ago, a triangle formation can be seen • Breakout can be either way • In the above case, the breakout was to the upside, supported by strong fundamentals in favor of the dollar • Traders should wait for a successful breakout before placing any trade • Breakout was confirmed by several bars above the upper trend line resistance • Buy order is placed upon the breakout, and the measurement method is applied for profit taking • What is the measurement method? • It is the distance between the lowest point in the triangle and the first high, the widest distance in other words • In this case, the length is 700 pips, so we project this distance from the breakout point • We get the target around parity, which was reached accurately at a later stage
Education
by RamziAbouAbdallah-CMT
BASIC MONEY MANAGEMENT - LOT SIZE - REVERSAL - ACCOUNT SIZEHey Everyone, A repost to remind newbies of some basic money management fundamentals. We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of reversals and how the lot sizes impact the value of your account during this reversal. Trading with the right lot sizes allows a trader to manage their account/money when the trade goes against them. The right size allows a trader to move a range without blowing their account and without seeing their account reverse to the point of no equity. This type of trading gives traders anxiety and in return this anxiety impacts trading psychology . This then has a ripple effect and impacts your trading decisions and analysis. The example we show on the chart is an entry of SELL that reverses by 380 PIPs. This movement happened in literally 2 candles (1hour candles) , so in two hours the price from entry reversed by 380 pips. This example then shows what this equates to in monetary value dependent on lot sizes. The example shows that anyone with a £500 account trading this movement with a lot size of 0.20 would have blown their account. Lot size usage should be based on the size of your account for example; £500 size account - we will only use 0.01 size lot sizes with maximum deployed total no more than 0.05. This will allow an account to survive volatile movements. Also using stop losses on top of this setup further strengthens the risk management. £1000 size account - we will use 0.02 lot sizes with maximum deployed total no more then 0.10 any given time. £2000 size account - we will use 0.03 lot sizes with maximum deployed total no more then 0.30 any given time. £5000 size account - we will use 0.06 sizes with maximum deployed total no more then 0.50 any given time. Basically 0.10 for every £1000, as the total deployed usage allows us enough flexibility of movement on the chart and then using stop losses on top of this, gives us further control of our money management. We hope this quick basic insight helps some of the newbies better manage their lot size usage. Please like, comment and follow us to support our work, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
8
GoldViewFX - EXAMPLE OF EMA5 CROSS AND LOCK STRATEGYHey Everyone, As you all know we generate two types of levels the Goldturn levels (weekly), which we share to all our members and also our VIP intraday levels (daily) for premier. We then use our EMA5 cross and lock to identify targets. Please see example of our 1H chart setup and how EMA5 cross and lock confirmed the lower targets. We can see EMA5 cross 1769 Goldturn followed with another 1H candle body close below that level. This then left a gap below to the next Goldturn 1761, which was HIT perfectly. As long as we keep the levels updated our members are able to then apply this strategy to identify open targets. We use this alongside our algo setups to strengthen our signals and direction. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
31
🔍Studying horizontal volumes🤔🔍Volumes are one of the most useful tools on the market, That gives the most objective information about the alignment of forces between buyers and sellers (with qualitative analysis, of course). It is necessary to learn how to correctly interpret volumes ( volume analysis) and the trader gets a powerful tool at his disposal. Add to this risk management and money management (without this, you will never succeed in the market) and get one of the most profitable strategies. There are two types of volume: horizontal and vertical. And in this eduaction idea, we will get a little acquainted with horizontal volumes. 🧐 What is it? Horizontal volumes are a histogram based on the number of trades made at a price level. Unlike vertical volumes, that tells us about the volume traded for the set time period, horizontal volumes show the volume traded at the price level. This tool will allow to identify highly probable reversals, as well as areas of support and resistance . Thanks to TradingView, everyone can use the horizontal volume indicator for free. Thank you so much🙌 📊 Horizontal volume indicator includes: ➡️ Value Zone/Area ➡️ VAH (value area high) ➡️POC (point of control) ➡️ VAL (value area low) All of the above can be seen on the graph (marked on the graph above). The Value Zone/Area is the so-called "body" of the histogram for the selected period and is formed in the place where 70% (by default) of the total volume has passed. 🟡 VAH (value area high) is the top line of the value area. The upper line of the value zone can play the role of resistance and support. 🔴 VAL (value area low) is the bottom line of the value area. Formed where volumes are declining. The lower line of the VAL value zone can also play the role of resistance and support. You need to be very careful when the price approaches VAH and VAL❗️ 🔵 POC (Point of Control) is the most important level. It is a support or resistance zone depending on where the price is above or below the POC. As long as the crowd has not formed an imbalance in the POC area, the price will move either higher or lower than the POC. At this time, it is better not to trade, and let the price decide, entering from a re-test of the formed balance. 📈 How to trade? Remember that everything needs experience! You will need time to develop your strategy based on horizontal volumes or to include this tool in your existing arsenal. Analysis, observation and again analysis! Pay special attention to POC, this level is the most important and interesting in terms of opening a position. Here you should pay attention to the weekly POC and intraday. On the charts above, you can see trades in Gold ( XAUUSD ) and Silver ( XAGUSD ) that were opened exactly from the POC week (previous). You can observe the results yourself. Of course, there are also losing trades, but with the observance of risk management and a systematic risk/reward ratio, success is guaranteed. 🔴 Conclusion Horizontal volumes will help identify (but more confirm) support and resistance levels/areas. Near VAH, VAL and POC, one should be as careful as possible, as this is a good opportunity for a probable entry into a trade. We can call it a "creative process": you will definitely see and form many entry and strategy opportunities based on this. 😉 Thank you for reading and profitable trades ❗️
OANDA:XAGUSDEducation
by Market-Mentor
7
Market Seasonality - Fundamentals 📉📉📉✅ Seasonality refers to particular time frames when stocks/sectors/indices are subjected to and influenced by recurring tendencies that produce patterns that are apparent in the investment valuation. ✅ Seasonality is a characteristic of a time series in which the data experiences regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over a one-year period is said to be seasonal. ✅ What is a Seasonality Forecast? In time series data, seasonality refers to the presence of variations which occur at certain regular intervals either on a weekly basis, monthly basis, or even quarterly (but never up to a year). Various factors may cause seasonality - like a vacation, weather, and holidays ✅ You can use the Market Seasonality as an extra fundamental confluence for the price, we have 2 market seasonalities bullish and bearish. If a price has bullish seasonality it means the pariticular asset will tend to rise during that cycle and viceversa. Market Seasonality (MS) is a good tool to have in your arsenal but only if you are trading on a mid-long term perspective. You can't trade using the market seasonality on a scalping or a intra-day basis because it makes no sense. What do you think ? Comment below..
GEducation
by AnonimFXRO
Fibonacci Premium vs Discount ✅ 📝 Fibonacci is a sequence that came up with a Smart mathematician name Leonard Fibonacci came with a sequence that proved that everything in the universe repeats itself in a specific mathematical. From the petals on a flower, to the spiral patterns on snail's shell, all fulfilled with a specific numerical sequence. The same Fibonacci sequence applies in everything and anywhere including Trading. When a retracement begins as buyers will come take their profits and leave, new buyers will come in at specifici levels using the Fibonacci retracement. 📉 I use the Fibonacci retracements for entries and for take profit zones i will show that in an example on how go about doing it. Please everything that i am going to show here be ensure that you practice until you have fully mastered price action 📉I use the fib placing from the lowest body of the candle to the highest body of the candle if we are in a bullish momentum(aiming to go long) - 📝 Remember its a Fibonacci retracement. What you should remember is what i said at the beginning of the Fib that when buys take their profits and leave, new buyers get it a retracement that's where you also get it. It also vice versa when in a bearish momentum.
GEducation
by AnonimFXRO
Institutional Liquidity Orderflow 📉📉📉Hi guys! I would like to briefly explain my strategy, I use liquidity to understand where should market go . 🏦 Liquidity is basically a zone in the market where a lot of stops are located both retail/ institutional, I will look to enter near that area but only after the manipulation on the buy-side or sell-side liquidity to all my trades with "Smart Money". as known as "Wall Street" You can separate the Liquidity Concepts in two areas. ✅ Buy Side Liquidity - area of the price where sellers put their stop loss, its located on old highs, equal highs (Resistance) above double tops, above key psychological numbers ✅ Sell Side Liquidity - area of the price where buyers put their stop losses, usually below old lows, below equal lows(support), below psychological key levels. ‼️ REMEMBER Dumb Money sell at high Smart Money SELL ABOVE THE HIGH Dumb Money buy at low Smart Money BUY BELOW THE LOW Using this concept as i explained you will have less stop losses because you will allign your trades with institutional orderflow. I attached couple photos so you can have a better understanding.
Education
by AnonimFXRO
Bearish Candlestick Pattern's 📉📉📉📈 Technical Analysis I use those bearish candlestick patterns as an extra confluence when price gets into my POI (point of interest) they can make your trade much better. ⬇️ Bearish POI look for : Tweezer Tops Three Red Crows Bearish Engulfing Evening Star Hanging Man Evening Star Gravestone Doji ‼️ Don't use them ALONE as a single argument, the change of getting a good trade could dramatically decrease What do you think about those candlestick patterns, do you use them ?
Education
by AnonimFXRO
1
Entry Confluences - Examples 📉📉📉🎯 Those are the examples where you use all the confluences i am teaching in my community posts. ✅ Market Structure ✅ Key Level ( Support, Resistance areas) ✅ Candlestick Patterns ( bullish or bearish ) ✅ Fibonacci Retracement ( discount or premium ) You can use them as a single confluence but to have a better trade probability i recommend to allign them together, remember focus on the quality not the quantity. You don't need a lot of trades to make money in the markets, you need high quality trades patience and discipline. What is your analysis ?
Education
by AnonimFXRO
Spinning Top's Candlestick Pattern ✅✅ A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. The candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand. ✅ White spinning tops are candlestick lines that are small, green-bodied, and possess shadows (upper and lower) that end up exceeding the length of candle bodies. They often signal indecision between buyer and seller. To look for the spinning top among the red candles, you can use the Spinning Top Black candle pattern ✅ There are two variations of this chart pattern: the bullish spinning top (green in colour) and the bearish spinning top (red in colour). The bullish formation occurs when the closing price is higher than the opening price, while the bearish pattern occurs when the opening price is higher than the closing price. Do you use this candlestick pattern in your analysis ?
Education
by AnonimFXRO
TDI Trading Indicator 📉📉📉📉 Let’s break down the Traders Dynamic Index indicator and go through it a little bit. As you can see, this scalping indicator has five moving averages. The green line is called the price line and is similar to the RSI indicator and represents the market sentiment. It shows you how the market is moving related to positive and negative expectation. the settings for the price line is 2. The red line is called the signal line is simply a crossover of the green line and can be used for entry and exit in the market. The settings for the signal line is 7. The yellow line is called the base line is what we refer to as the overall market sentiment. It shows the overall direction of the market. The overall market has a tendency to do two things. It can turn slowly, or it can continue to go in the initial direction. This is because it’s too big and it can’t turn too quickly. It’s got to come to a gradual end. The settings for the base line is 34. Last but not least, we have two blue lines, one above and one below. Those blue lines represent the volatility in the market, similar to the Bollinger Bands. They are increasing and decreasing volatility. Traders Dynamic Index (TDI) MetaTrader indicator — a comprehensive but helpful indicator that uses RSI (Relative Strength Index), its moving averages, and volatility bands (based on Bollinger Bands) to offer traders a full picture of the current Forex market situation. This indicator can use sound and visual alerts. 📉 The TDI is the only technical indicator that can read the market sentiment, market volatility, and momentum at the same time. The concept is very simple, it is 3 rsi indicators on 3 different time frames and then it is combined with Bollinger bands. That is where the 5 lines come from 📉 Traders Dynamic Index (TDI) MetaTrader indicator — a comprehensive but helpful indicator that uses RSI (Relative Strength Index), its moving averages, and volatility bands (based on Bollinger Bands) to offer traders a full picture of the current Forex market situation. This indicator can use sound and visual alerts. Do you use this trading indicator ? What do you think ?
OANDA:XAUUSDEducation
by AnonimFXRO